HARBIN BOSHI AUTOMATION CO., LTD. Interim Report for
The First Quarter 2024
The Company and whole members of the Board of Directors guarantee that the information disclosedis factual, accurate and complete, and there is no false record, misleading statement or materialomission.
Important content reminder:
1.The Board of Directors, the Board of Supervisors as well as all the directors, supervisors and seniormanagers of HARBIN BOSHI AUTOMATION CO., LTD. ( hereinafter referred to as “the Company”)warrant the factuality, accuracy and completeness of this Report and there is no false record,misleading statement or material omission. And they will be severally and jointly liable for this Report.
2.The person in charge of the Company, the person in charge of accounting work of the Company, andthe person in charge of accounting department of the Company warrant that the financial informationin this Report is factual, accurate and complete.
3. Whether this First Interim Report has been audited by auditing firm or not?
□Yes √No
I. Main financial data
1. Main accounting data and financial indicators
Indicate by check mark if there is any retrospectively restated accounting data of previous years.
□Yes √No
| Jan 1 to Mar 31, 2024 | Jan 1 to Mar 31, 2023 | Increase/Decrease over the same period of previous year | |
| Operating Revenue (RMB) | 661,556,066.08 | 729,710,396.08 | -9.34% |
| Net profit attributable to parent company’s shareholders (RMB) | 105,613,101.50 | 210,214,585.50 | -49.76% |
| Net profit after deducting non-recurring profit or loss attributable to shareholders of the parent company (RMB) | 96,268,409.94 | 198,069,179.12 | -51.40% |
| Net cash flow from operating activities (RMB) | -49,813,273.29 | -53,800,397.01 | 7.41% |
| Basic earnings per share (RMB/share) | 0.1038 | 0.2056 | -49.51% |
| Diluted earnings per share (RMB/share) | 0.1038 | 0.2025 | -48.74% |
| Weighted average return on equity | 2.98% | 6.42% | -3.44% |
| Mar 31, 2024 | Dec 31, 2023 | Increase/decrease of Mar 31, 2024 over Dec 31, 2023 | |
| Total assets (RMB) | 6,678,790,779.21 | 6,648,692,787.99 | 0.45% |
| Total equity attributable to shareholders of the parent company (RMB) | 3,579,448,876.16 | 3,450,338,131.69 | 3.74% |
2. Non-recurring gains and losses
√ Applicable □Not applicable
Unit: RMB
| Item | Jan 1 to Mar 31, 2024 | Note |
| Profit or loss from disposal of non-current assets (including the write-off of accrued for impairment of assets) | 160.84 | |
| Governmental subsidy reckoned into current gains or losses (excluding the subsidy enjoyed in quota or ration according to the unified national standards, which are closely relevant to enterprise’s business) | 5,200,243.32 | |
| Except for effectively hedging business related to normal business operations of the | 5,689,597.01 | Income from cash |
| Company, the profit or loss of fair value changes arising from the holding of financial assets and financial liabilities by non-financial enterprises and the loss or gain arising from the disposal of financial assets and financial liabilities | management | |
| Other non-operating income and expenses other than the above | -59,279.51 | |
| Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses | 103,049.27 | |
| Less: Impact on income tax | 1,182,030.42 | |
| Impact on minority shareholders’ equity (after tax) | 407,048.95 | |
| Total | 9,344,691.56 | -- |
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses:
√Applicable□ Not applicable
Other gain/loss items that qualified the definition of non-recurring profit (gains)/losses: Income fromtreasury reverse repos (cash management).
Explanation on those non-recurring gain/loss listed in the “Q&A Announcement No.1 on InformationDisclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss” defined asrecurring gain/loss.
□ Applicable √ Not applicable
The Company does not have the non-recurring gain/loss listed in the “Q&A Announcement No.1 onInformation Disclosure for Companies Offering Their Securities to the Public --- Extraordinary Profit/loss”defined as recurring gain/loss.
3. Particulars about changes in items of main accounting data and financial index and explanations ofreasons.
| Consolidated Balance Sheet items | Mar 31,2024 | Dec 31,2023 | Change | Reasons for the changes |
| (RMB) | (RMB) | |||
| Cash and cash equivalent | 570,754,889.70 | 332,216,413.35 | 71.80% | Mainly due to cash management activities. |
| Financing receivable | 112,337,215.57 | 72,533,260.37 | 54.88% | Due to the increase in the amount of bank acceptance bills with higher credit rating. |
Other current assets
| Other current assets | 41,300,833.58 | 615,166,444.19 | -93.29% | Due to cash management activities. |
| Other non-current assets | 49,653,721.77 | 23,114,349.36 | 114.82% | Mainly affected by the prepayment of real estate purchases for industrial service business. |
| Short-term loans | 34,086,265.01 | 23,872,075.01 | 42.79% | ? Increased in bank short-term borrowings of holding subsidiary. |
| Employee benefits payable | 21,340,597.62 | 76,649,155.81 | -72.16% | ? The year-end bonus accrued at the end of the 2023, which was paid this period, and the balance decreased. |
Capital reserve
| Capital reserve | 355,508,873.67 | 236,467,353.62 | 50.34% | Mainly affected by the capital reserve formed by the IPO capital premium of the associated company Bloom Technology. |
| Treasury shares | 100,134,294.12 | 8,865,506.80 | 1,029.48% | Due to Company shares buy-back. |
| Consolidated Income Statement items from the beginning of the year to the end of the reporting period | Jan 1 to Mar 31,2024 | Jan 1 to Mar 31, 2023 | Change | Reasons for the changes |
| (RMB) | (RMB) |
Investment income (loss is stated with “-”)
| Investment income (loss is stated with “-”) | -10,438,879.79 | 14,813,438.64 | -170.47% | The investment income accrued in associates and income from cash management activities decreased this period. |
| Thereof: Income from investment in associates and joint ventures | -11,058,454.75 | 8,194,553.90 | -234.95% | The investment income accrued in associates decreased this period. |
| Gains from changes in fair value (loss is stated with “-”) | 5,173,071.32 | 1,797,823.96 | 187.74% | Due to cash management activities. |
| Asset impairment losses (loss is stated with “-”) | -3,500,078.35 | -573,795.00 | 509.99% | ? Due to the increase of the provision for inventories and contract asset accrued compared with which of the same period of last year. |
| Income tax expenses | 18,568,651.77 | 31,903,311.42 | -41.80% | Taxable income decreased and income tax expenses decreased. |
| Net profit attributable to parent company’s shareholders | 105,613,101.50 | 210,214,585.50 | -49.76% | ? Mainly due to the delivery and revenue recognition of intelligent manufacturing equipment decreased compared with last period, meanwhile, due to the joint influence of lower gross profit rate of projects revenue recognized and higher level of base period, please refer notes for details. |
Consolidated Cash Flow Statement itemsfrom the beginning of the year to the end of
the reporting period
| Consolidated Cash Flow Statement items from the beginning of the year to the end of the reporting period | Jan 1 to Mar 31,2024 | Jan 1 to Mar 31, 2023 | Change | Reasons for the changes |
| (RMB) | (RMB) | |||
| Net cash flows from investing activities | 370,494,696.11 | -352,046,143.89 | 205.24% | Mainly due to the impact of cash management activities. |
| Net cash flows from financing activities | -82,525,837.15 | -26,673,490.85 | -209.39% | Mainly due to the Company shares buy-back. |
Note:
(1) Affected by delivery and acceptance progress of intelligent manufacturing equipment, the revenuerecognized this period decreased year-on-year;
(2) The products of environmental protection process and equipment were delivered and accepted,recognized revenue of RMB 160 million this period, the gross profit rate of revenue components wascomparatively lower, which pulled down the overall gross profit rate level.
(3) Lower level of performance of associates and joint ventures this period compared with the same periodlast year, and this period, investment income recognized of the Company decreased by RMB 19.253 millionyear-on-year;
(4) Due to relatively higher level in base period index, the operating revenue and net profit attributable toparent company’s shareholders of the first quarter of 2023, were both at extreme quarterly level;
(5) From the perspective of quarterly data, the operating revenue of this period was the best in the last fourquarters as the end of the reporting period, net profit attributable to parent company’s shareholders was thebest in the last three quarters as the end of the reporting period.
(6) From the perspective of the Company’s business characteristics, quarterly data may be affected by theprogress of product delivery and acceptance, it is better to grasp the overall Company’s operationperformance from the perspective of the whole year.
Looking forward to 2024, in the direction of industrial digitalization, on the basis of the existing marketdemand for intelligent manufacturing equipment and industrial services, superimposed the favorable factorsof the national policy of Action Plan to Promote Large-scale Equipment Renewal and Consumer Goods forNew Ones, combined with the scale of orders on hand, the Company has the foundation, ability andconfidence to achieve the growth of business performance.
II. Shareholders Information
1. Total number of common shareholders and preference shareholders with voting rights recoveredand top ten common shareholders
Unit: Share
| Total number of shareholders of common stocks at the end of the reporting period | 33,596 | Total preference shareholders with voting rights recovered at end of reporting period | 0 | ||||||
| Top 10 shareholders(Excluding shares lent in refinancing) | |||||||||
| Name | Nature | Ownership | Amount of shares held | Amount of restricted shares held | Pledged, marked or frozen stocks | ||||
| Status | Amount | ||||||||
| Unicom Kaixing Equity Investment Management (Zhuhai Hengqin) Limited - Lianchuang Weilai (Wuhan) Intelligent Manufacturing Industrial Investment Partnership (Limited Partnership) | Others | 14.20% | 145,176,676 | 0 | Not applicable | 0 | |||
| Deng Xijun | Domestic natural person | 9.41% | 96,181,562 | 72,136,172 | Not applicable | 0 | |||
| Zhang Yuchun | Domestic natural person | 8.09% | 82,696,357 | 62,022,268 | Not applicable | 0 | |||
| Wang Chungang | Domestic natural person | 5.61% | 57,394,047 | 43,045,535 | Not applicable | 0 | |||
| Cai Zhihong | Domestic natural person | 4.96% | 50,677,029 | 0 | Not applicable | 0 | |||
| Cai Hegao | Domestic natural person | 4.89% | 50,000,000 | 0 | Not applicable | 0 | |||
| Harbin Institute of Technology Asset Management Co. Ltd | Domestic state-owned corporate | 3.00% | 30,678,500 | 0 | Not applicable | 0 | |||
| Cheng Fang | Domestic natural person | 1.51% | 15,488,896 | 0 | Not applicable | 0 | |||
| Tan Jianxun | Domestic natural person | 1.32% | 13,463,438 | 0 | Not applicable | 0 | |||
| Liu Meixia | Domestic natural person | 1.04% | 10,639,500 | 0 | Not applicable | 0 | |||
| Top 10 shareholders with unrestricted shares held | |||||||||
| Name | Amount of unrestricted shares held | Type of shares | |||||||
| Type | Amount | ||||||||
| Unicom Kaixing Equity Investment Management (Zhuhai Hengqin) Limited - Lianchuang Weilai (Wuhan) Intelligent Manufacturing Industrial Investment Partnership (Limited Partnership) | 145,176,676 | RMB ordinary shares | 145,176,676 | ||||||
| Cai Zhihong | 50,677,029 | RMB ordinary shares | 50,677,029 | ||||||
| Cai Hegao | 50,000,000 | RMB ordinary shares | 50,000,000 | ||||||
| Harbin Institute of Technology Asset Management Co. Ltd | 30,678,500 | RMB ordinary shares | 30,678,500 | ||||||
| Deng Xijun | 24,045,390 | RMB ordinary shares | 24,045,390 |
| Zhang Yuchun | 20,674,089 | RMB ordinary shares | 20,674,089 |
| Cheng Fang | 15,488,896 | RMB ordinary shares | 15,488,896 |
| Wang Chungang | 14,348,512 | RMB ordinary shares | 14,348,512 |
| Tan Jianxun | 13,463,438 | RMB ordinary shares | 13,463,438 |
| Liu Meixia | 10,639,500 | RMB ordinary shares | 10,639,500 |
Shareholders holding more than 5% of the shares, the top 10 shareholders, and the top 10 shareholders ofunrestricted tradable shares participate in the lending of shares in the refinancing business.
□Applicable √Not applicable
The top 10 shareholders and the top 10 shareholders of unrestricted tradable shares have changed comparedwith the previous period due to the refinancing, lending/repayment.
□Applicable √Not applicable
2.The total number of preferred shareholders and the top 10 preferred shareholders’ shareholdings ofthe Company
□Applicable √Not applicable
III. Other Significant Events
The Company held the sixth meeting of the fifth Board of Directors on November 1
st, 2023, reviewed andpassed the Proposal on the Plan to Buy back Part of the Company’s Shares. As of March 15
th, 2024, theCompany confirmed that this share buy-back plan has been completed, and the Company has done 7,203,019shares buy-back of the Company in total, accounting for 0.70% of the total share capital, with the highesttransaction price of RMB 17.88 per share and the lowest transaction price of RMB 10.58 per share. The totaltransaction amount is RMB 100,125,282.85 (excluding transaction fees).
IV. Quarterly Financial Statements
1. Financial statements
(1)Consolidated Balance Sheet
Prepared by HARBIN BOSHI AUTOMATION CO., LTD. Unit: RMB
| Item | Mar 31 ,2024 | Jan 1, 2024 |
| Current assets: | ||
| Cash and cash equivalent | 570,754,889.70 | 332,216,413.35 |
| Financial assets held for trading | 973,444,870.45 | 802,248,744.33 |
| Derivative financial assets | ||
| Notes receivable | 286,382,814.92 | 273,519,045.87 |
| Accounts receivable | 1,031,254,915.93 | 1,004,337,478.08 |
| Financing receivable | 112,337,215.57 | 72,533,260.37 |
| Advance payment | 83,425,946.52 | 77,455,740.98 |
| Other receivables | 26,707,142.76 | 30,774,548.13 |
| Thereof: Interest receivable | ||
| Dividend receivable | 2,601,281.28 | |
| Inventories | 2,354,769,819.83 | 2,405,309,228.52 |
| Contract assets | 135,723,947.68 | 119,436,138.29 |
| Assets held for sale | ||
| Non-current assets due within one year | 4,434,818.92 | 4,434,380.89 |
| Other current assets | 41,300,833.58 | 615,166,444.19 |
| Total current assets | 5,620,537,215.86 | 5,737,431,423.00 |
| Non-current assets: | ||
| Debt investments | ||
| Other debt investments | ||
| Long-term receivable | 16,587,264.04 | 16,425,314.82 |
| Long-term equity investment | 502,173,567.71 | 404,005,942.77 |
| Investment in other equity instruments | 61,574,626.74 | 55,443,728.57 |
| Other non-current financial assets | ||
| Investment real estate | 11,596,766.92 | 11,771,642.38 |
| Fixed assets | 225,500,705.03 | 229,647,272.08 |
| Construction in progress | 95,760,861.59 | 74,985,542.78 |
| Productive biological assets | ||
| Oil and gas assets | ||
| Right-of-use assets | 4,744,892.91 | 4,912,571.51 |
| Intangible assets | 52,738,717.73 | 53,974,953.86 |
| Development expenditure | ||
| Goodwill | 401,878.10 | 401,878.10 |
| Long-term deferred expenses | 319,606.71 | 106,486.62 |
| Deferred income tax assets | 37,200,954.10 | 36,471,682.14 |
| Other non-current assets | 49,653,721.77 | 23,114,349.36 |
| Total non-current assets | 1,058,253,563.35 | 911,261,364.99 |
| Total assets | 6,678,790,779.21 | 6,648,692,787.99 |
| Current liabilities: | ||
| Short-term loans | 34,086,265.01 | 23,872,075.01 |
| Financial liabilities held for trading | ||
| Derivative financial liabilities | ||
| Notes payable | ||
| Accounts payable | 273,602,284.10 | 337,812,103.72 |
| Advance from customers | 387,000.00 | 96,750.00 |
| Contract liabilities | 1,727,996,228.35 | 1,763,411,436.97 |
| Employee benefits payable | 21,340,597.62 | 76,649,155.81 |
| Taxes payable | 24,014,047.90 | 20,117,689.42 |
| Other payables | 29,788,153.72 | 30,001,942.32 |
| Thereof: Interest payable | ||
| Dividend payable | 24,500,000.00 | 24,500,000.00 |
| Liabilities held for sale | ||
| Non-current liabilities due within one year | 2,868,836.76 | 2,470,313.79 |
| Other current liabilities | 163,014,364.80 | 163,555,006.18 |
| Total current liabilities | 2,277,097,778.26 | 2,417,986,473.22 |
| Non-current liabilities: | ||
| Long-term loans | ||
| Bonds payable | 435,924,995.56 | 431,953,084.05 |
| Thereof: Preferred stock | ||
| Perpetual debt | ||
| Lease liabilities | 1,401,863.58 | 1,374,283.98 |
| Long-term payables | ||
| Long-term employee benefits payable | ||
| Estimated liabilities | 7,352,338.19 | 7,137,432.08 |
| Deferred income | 3,164,011.35 | 4,023,518.90 |
| Deferred income tax liability | 17,916,802.91 | 16,429,627.86 |
| Other non-current liabilities | 192,423,637.52 | 172,145,404.60 |
| Total non-current liabilities | 658,183,649.11 | 633,063,351.47 |
| Total Liabilities | 2,935,281,427.37 | 3,051,049,824.69 |
| Shareholders' equity: | ||
| Share capital | 1,022,558,528.00 | 1,022,556,602.00 |
| Other equity instruments | 32,093,926.85 | 32,096,067.08 |
| Thereof: Preferred stock | ||
| Perpetual debt | ||
| Capital reserve | 355,508,873.67 | 236,467,353.62 |
| Minus: treasury shares | 100,134,294.12 | 8,865,506.80 |
| Other comprehensive income | 27,268,961.24 | 22,252,223.39 |
| Special reserve | 29,129,376.54 | 28,883,002.75 |
| Surplus reserve | 355,000,124.41 | 355,000,124.41 |
| General risk reserve | ||
| Retained earnings | 1,858,023,379.57 | 1,761,948,265.24 |
| Total equity attributable to shareholders of parent company | 3,579,448,876.16 | 3,450,338,131.69 |
| Minority shareholder equity | 164,060,475.68 | 147,304,831.61 |
| Total shareholders' equity | 3,743,509,351.84 | 3,597,642,963.30 |
| Total liabilities and shareholders' equity | 6,678,790,779.21 | 6,648,692,787.99 |
Legal representative: Deng Xijun Director of Finance: Sun Zhiqiang Prepared by: Wang Peihua
(2)Consolidated Income Statement
Unit: RMB
| Item | Current period | Last period |
| 1. Total revenue | 661,556,066.08 | 729,710,396.08 |
| Thereof : Operating revenue | 661,556,066.08 | 729,710,396.08 |
| 2. Total cost | 538,442,856.96 | 528,536,727.87 |
| Thereof: Cost of sales | 447,156,999.57 | 438,999,834.77 |
| Taxes and surcharges | 4,519,845.54 | 3,824,169.65 |
| Selling expenses | 34,362,768.71 | 27,408,242.78 |
| General and administrative expenses | 24,010,192.48 | 19,973,449.70 |
| Research and development expenses | 28,161,575.45 | 38,345,817.26 |
| Financial expenses | 231,475.21 | -14,786.29 |
| Thereof : Interest expenses | 3,315,708.11 | 2,792,694.99 |
| Interest income | 3,488,426.46 | 3,144,024.38 |
| Add: Other income | 30,481,463.69 | 39,246,555.78 |
| Investment income (loss is stated with “-”) | -10,438,879.79 | 14,813,438.64 |
| Thereof: Investment income from associates and joint ventures | -11,058,454.75 | 8,194,553.90 |
| Gain from the derecognition of the financial assets measured at amortized cost | ||
| Exchange income (Loss is listed with “-”) | ||
| Net exposure hedging gains ("-" for losses) | ||
| Gains from changes in fair value (loss is stated with “-”) | 5,173,071.32 | 1,797,823.96 |
| Credit impairment losses (loss is stated with “-”) | -4,023,799.88 | -5,699,807.43 |
| Asset impairment losses (loss is stated with “-”) | -3,500,078.35 | -573,795.00 |
| Gains from disposal of assets (loss is stated with “-”) | 160.84 | -16,327.02 |
| 3. Operating profit (loss is stated with “-”) | 140,805,146.95 | 250,741,557.14 |
| Add: Non-operating income | 0.47 | 3.15 |
| Less: Non-operating expenses | 59,279.98 | 374,087.72 |
| 4. Total profit (loss is stated with “-”) | 140,745,867.44 | 250,367,472.57 |
| Less: Income tax expenses | 18,568,651.77 | 31,903,311.42 |
| 5. Net profit (loss is stated with “-”) | 122,177,215.67 | 218,464,161.15 |
| (1) Classified by continuity of operations | ||
| 1)Net profit from continuing operations(loss is stated with “-”) | 122,177,215.67 | 218,464,161.15 |
| 2)Net profit from discontinued operations(loss is stated with “-”) | ||
| (2) Classified by ownership of the equity | ||
| 1)Attributable to shareholders of the Parent Company | 105,613,101.50 | 210,214,585.50 |
| 2)Minority interests | 16,564,114.17 | 8,249,575.65 |
| 6. Other comprehensive income, net of tax | 5,016,737.85 | -161,251.24 |
| Other comprehensive income attributable to shareholders of the Parent Company, net of tax | 5,016,737.85 | -161,251.24 |
| (1) Other comprehensive income items which will not be reclassified subsequently to profit or loss | 5,211,263.44 |
| 1) Changes arising from re-measurement of defined benefit plan | ||
| 2) Other comprehensive income that will not be transferred subsequently to profit or loss under the equity method | ||
| 3) Changes in the fair value of the investment in other equity instruments | 5,211,263.44 | |
| 4)Changes in the fair value of the Company’s own credit risk | ||
| 5)Others | ||
| (2) Other comprehensive income items which will be reclassified subsequently to profit or loss | -194,525.59 | -161,251.24 |
| 1) Other comprehensive income that will be transferred subsequently to profit or loss under the equity method | -194,525.59 | -161,251.24 |
| 2)Changes in the fair value of other debt investments | ||
| 3)Amount of financial assets reclassified and included in other comprehensive income | ||
| 4) Credit impairment reserves for other debt investment | ||
| 5) Cash flow hedging reserve | ||
| 6) Translation differences arising from translation of foreign currency financial statements | ||
| 7)Others | ||
| Other comprehensive income attributable to minority shareholders, net of tax | ||
| 7. Total comprehensive income | 127,193,953.52 | 218,302,909.91 |
| Attributable to shareholders of the Parent Company | 110,629,839.35 | 210,053,334.26 |
| Minority interests | 16,564,114.17 | 8,249,575.65 |
| 8. Earnings per share | ||
| (1) Basic earnings per share | 0.1038 | 0.2056 |
| (2) Diluted earnings per share | 0.1038 | 0.2025 |
Legal representative: Deng Xijun Director of Finance: Sun Zhiqiang Prepared by: Wang Peihua
(3)Consolidated Cash Flow Statement
Unit: RMB
| Item | Current period | Last period |
| 1. Cash flows from operating activities | ||
| Cash received from sales of goods or rendering of services | 510,985,323.62 | 497,741,596.66 |
| Refund of taxes and surcharges | 24,889,930.40 | 37,419,572.33 |
| Other cash receipts relating to operating activities | 9,526,021.45 | 9,530,482.55 |
| Sub-total of cash inflows from operating activities | 545,401,275.47 | 544,691,651.54 |
| Cash paid for goods and services | 336,423,772.87 | 323,324,192.97 |
| Cash paid to employees and paid on behalf of employees | 180,222,032.08 | 156,344,892.59 |
| Payments of taxes and surcharges | 49,622,314.14 | 88,271,570.01 |
| Other cash payments relating to operating activities | 28,946,429.67 | 30,551,392.98 |
| Sub-total of cash outflows from operating activities | 595,214,548.76 | 598,492,048.55 |
| Net cash flows from operating activities | -49,813,273.29 | -53,800,397.01 |
| 2. Cash flows from investing activities | ||
| Cash received from withdrawing investments | 1,017,788,000.00 | 1,316,610,000.00 |
| Cash received from investment income | 6,255,768.14 | 6,707,398.11 |
| Net cash received from disposal of fixed assets, intangible assets and other long term assets | 2,122.11 | 47,787.61 |
| Net cash received from disposal of subsidiaries and other operating units | ||
| Other cash receipts relating to investing activities | 164,265.00 | |
| Sub-total of cash inflows from investing activities | 1,024,210,155.25 | 1,323,365,185.72 |
| Cash paid to acquire fixed assets, intangible assets and other long-term assets | 48,632,630.64 | 4,644,029.61 |
| Cash paid to acquire investments | 604,740,000.00 | 1,670,457,000.00 |
| Net increase of mortgaged loans | ||
| Net cash paid to acquire subsidiaries and other operating units | ||
| Other cash payments relating to investing activities | 342,828.50 | 310,300.00 |
| Sub-total of cash outflows from investing activities | 653,715,459.14 | 1,675,411,329.61 |
| Net cash flows from investing activities | 370,494,696.11 | -352,046,143.89 |
| 3. Cash flows from financing activities | ||
| Cash received from capital contributions | 100,000.00 | 700,000.00 |
| Thereof: Cash received by subsidiaries from minority shareholders’ capital contributions | 100,000.00 | 700,000.00 |
| Cash received from borrowings | 20,220,222.77 | 8,130,000.00 |
| Other cash receipts from financing activities | 200,000.00 | 460,000.00 |
| Sub-total of cash inflows from financing activities | 20,520,222.77 | 9,290,000.00 |
| Cash repayments of borrowings | 10,000,000.00 | 22,130,000.00 |
| Distribution of dividends or profits and payments for interest expenses | 809,131.65 | 205,494.50 |
| Thereof: Cash payments for dividends or profit to minority shareholders by subsidiaries | 612,500.00 | |
| Other cash payments relating to financing activities | 92,236,928.27 | 13,627,996.35 |
| Sub-total of cash outflows from financing activities | 103,046,059.92 | 35,963,490.85 |
| Net cash flows from financing activities | -82,525,837.15 | -26,673,490.85 |
| 4. Effect of foreign exchange rate changes on cash and cash equivalents | -7,797.34 | 82,688.27 |
| 5. Net increase in cash and cash equivalents | 238,147,788.33 | -432,437,343.48 |
| Add: Cash and cash equivalents at the beginning of period | 330,325,705.08 | 656,593,226.15 |
| 6. Cash and cash equivalents at the end of period | 568,473,493.41 | 224,155,882.67 |
2. Information about the implementation of new accounting standards for the first time to adjust therelevant items in the financial statements at the beginning of the period since 2024
□Applicable √Not applicable
3. Auditor’s report
Whether this First Interim Report has been audited by auditing firm or not?
□Yes √No
The First Interim Report has not been audited by auditing firm.
Board of Directors of HARBIN BOSHI AUTOMATION CO., LTD.
April 27
th
, 2024